Lake Ashton II
Community Development District
Special Meeting Agenda

Seat 4: DouQ Robertson - C Seat 1: James Mecsics - VC Seat 3: Bob Zelaznv - AS Seat 2: Stanley Williams -AS Seat 5: Carla Wright -AS

Friday
July 19, 2019
8:30 a.m.

Roll Call and Pledge of Allegiance

Approval of Meeting Agenda

Lake Ashton II Health & Fitness Center 6052 Pebble Beach Boulevard Winter Haven, FL 33884

Consideration of Resolution #2019-07 Declaring Special Assessments to Fund the Proposed Budgets

Consideration of Resolution #2019-08 Re-Setting the Public Hearing on Fiscal Year 2020 Budget

Consideration of Resolution #2019-09 Re-setting the Rules Public Hearing

Adjournment

RESOLUTION 2019u07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON n COMMUNirY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED llUDGETS
PURSUANT TO CHAPTERS 170, 190 ANO 197, FLORJDA ST.iTUTES; SETTl:NG PUBLIC HEARINGS; ADDIU-:SSIN�; PUBLICATION; ADDRESSING SEVERA(ULITY; AND PROVIDING AN EF'FECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (''Board") ofth� Lake Ashton II Community Development District ("District") prior to Ju11e 15, 2019, a proposeq blJdget ("Pror.rnsed Bu,(lget'') for the fiscal ye,U" beginning October 1, 2019 and ending September 30, 2020 (''Fisc�! Year Z019/2020"); and
WHEREAS, after further consideration, it is in the best interest of the District to fund the
\ldm.inistrative and operations services (together, "Services") set forth in the Proposed Budget, a current copy ofwhich is attached m; ExhU)it A, by levy ofspecial a�sessments purs�ant to Chapters 170, 190 and 197, Florida Statutes (''Assessments"), as set forth in the preliminary assessment roll included within the Proposed Budget; and
WHEREAS, the District hereby determines that benefits would accrne to the properties within the District, as outlined within the Proposed Budget, in an amount eqllal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and
WHEREAS, the Board has considered the Proposed Budget and desires to se•t the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED HY THE BOAR!) OF SUPERVISORS OF THE LAKE ASI-ffON H COMMUNITY DEVELOPMENT DISTRICT:
DECLARING ASSESSMENTS. The CU:rrent form of the Proposed Budget, attached hereto as Exhibit A, is hereby approv�d for use in proceedings to lyvy and impose the Assessments. Pursuant tp Chapters 170, 190 and 197, Florid(l Statutes, the Assessments shall defray the cost of the Services in the total estimated amotmts set forth in the Proposed Budget. The nature of, and plans and sp�cifications for, the Services to be funded by the Assessments are described in the Propos�d Budget, all of which are on file q.Ud available for public inspection at the "District Office," 135 West Central Blvd., Suite 320, Orlando, Florida 32801, The Assessments shall be levied within t!+e District on all benefitted lots and lands, an,d shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is al�o on file and available for public inspection at the District's Office. The Assessments shall be paid in one or more installments pursuant to a bill issued by the District in November 2019, and pursuant to Chapter 170, Florida Statutes, or,
alternatively, pwsuant to the Uniform Method as set forth in Ch�pter 197, Florida Statutes.

1

SETTING PUBLIC HEAIUNG. Pursuant to Chapters 170, 190 and 197, Florida Statutes, public hearings on the Assessments are hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 22, 2019
10:00 A.M.
Lake Ashton II Health & Fitness Center · 6052 Pebble Beach Blvd.
Winter Haven Florida 33884

PUBLICATION O:F NOTICE. The District shall c�use this Resolution to be published once a week for a period oftwo weeks in a newspaper of general circulation published in Polk County. Additionally, notice ofpublic hearings shall be published in the manner prescribed in Florida law.
SEVERABILITY.   The  invalidity  or  un..cnforceability  of  any  one  or  more provisions ofthis Resolution shall not affect the validity or enforceability ofthe remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 19th DAY OF JULY, 2019.

ATTEST:

Secretary/Assistant Secretary

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

2

R,ESOLUTION 2019�08
A RESOLUTION OF THl!� :$OARD OF SUPER.VISORS O_f Tf.lE LAKE ASHTON U COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2019�04 APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2019/ZOZO; PROVIDING A SEVER.ABILITY CLAUSE; AND
PROVIDING FOR A�l  EFFECTIVE DATE.
WHER!.1�AS, the Lake Ashton II Con:ummity Development District ('1District") is a local unit ofspeci�I-purpose government established pursuant to the Uniform Community D<;velopment District Ac:t of 1980, as codified in Ch�pter 190, Florida Statutes, for the purpose of phmning, financing, construc;ting, operating amilor maintaining certain -infrastructure improvements; and
WHERI�AS, on May 10, 2019, at a duly noticed public meeting, the District's Boaxd of Supervisors ('•Board") ac�opt('.'d Re�olution 2019�04, approving the proposed budget for Fiscal
Year 2019/2020 ("l'roposed Budget"), and setting a public hearing on the Proposed Budg�t for August 1 6, 2019, at 9:00 a.m., at the Lak� Ashton II Heaith & Fitness Center, 650'.2 P,. ebble Beach
Boulevard, Winter Haven, Florida 33884; arid

WHEREAS, subsequent to the May 1 0, 2019 meeting, the Board �mended the Proposed Budget to reflect direct collection of �!;sessments the golf coµrse parcels, with the remaining collected on the Polk County tax roll ("Amen�ed Proposed Budget"), as reflected in the Atnended Proposed l3udget, attached hereto as Exbibit A, which Amended Proposed Budget will be funded by levy of special assessments pursuant to Chapters 170, 190 and 1 97, Florida Statutes C1Ass��sments,.).
NOW, THEREFORE, BE IT RESOLVED BY Tiffi BOAR]) OJ<'    SUPERVlSORS     OF'     THE    LAKE    ASHTON    II COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. AMENDED PROPOSf;n BUDGET. Resolution 20 19�04 is hereby amended to reflect the approval ofthe Amended Pr9posed Budget for Fiscal Year 2019/2020.

SECTION 2. SE1,'TlNG ASSESSMENT PUBLIC BEARING.	In addition to the
public; hearing on the approved Amended Proposed Budget �et pursiiant to Resolution 2019-04, pursuant to Chapters 170, 190 and 197, Florida Statu.t<;;s, a public hearing on the Assessments are hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 22, 2019 
10:00 A.M.
Lake Ashton U Health & Fitness Center 6052 Pebble Beach Boulevarc).
Winter Haven, Florida 33884

SECTION 3. RESOLUTION 2019-04 OTHERWISE REMAINS IN FULL FORCE
AND EFFECT. Except as otherwise provided herein, all of the provisions ofResolution 2019- 04 continue in full force and effect.
SECTION 4. SEVERABILITY. The invalidity or unenforceability of any one or more provisions ofthis Resolution shall not affect the validity or enforceability ofthe remaining portions ofthis Resolution, or any part thereof.

SECTION 5, TRANSMITTAL OF PROPOSED BUDGETS TO LOCAL GENERAL
PURPOSE GOVERNMENT. Tbe District Manager is hereby directed to submit a copy of the updated Proposed Budgets to the City of Winter Haven and Po& County prior to the hearing set
above.

SECTION 6. EFFECTIVE DATE. This Resolution shall take effect upon its passage and adoption by the Board.

PASSED AND ADOPTED THIS 19th DAY OF JULY 2019.

ATTEST:

Secretary/Assistant Secretary

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

Exhibit A:	Amended Proposed Fiscal Year 2019/2020 Budget

2

Exhibit A
Amended Proposed Fiscal Year 2019/2020 Budget
[See attached]

3

Proposed Budget
Fiscal Year 2020

Lake Ashton II Community Development District

May 10, 2019

Lake Ashton II Community Development District

TABLE OF CONTENTS

General Fund
Budget
Narrative-Administrative Narrative-Field

Capital P rojects Fund Budget

Debt Service Fund
Budget - Series 2005A Amortization Schedule - 2005A
Budget - Series 2006A Amortization Schedule - 2006A

Page 1-2
Page 3-4
Page 5-6

Page 7

Page 8
Page 9
Page 10
Page 11

$97

$194

Lake Ashton II 
Community Development District	

Adopted
Budget	

Actual Thru	

Projected
Ne,t	

Total Projected	

General Fund
Proposed Budget	
Description	FY 2019	3/31/2019	6 Months	9/30/2019	FY 2020	
REVENUES:						
Special Assessments - Tax Collector	$1,218,686	$1,229,544	$13,066	$1,242,610	$1,218,686	
Interest Earned	$1,500	$2,829	$2,829	$5,658	$1,500	
Rental Fees	$5,000	$5,868	$0	$5,868	$5,200	
Miscellaneous Revenues	$0	$2,000	$0	$2,000	$0	
Carry Forward Surplus	$205,797	$188,007	$0	$188,007	$205,797	
TOTAL REVENUES	$1,430,983	$1,428,247	$15,895	$1,444,142	$1,431,183	
EXPENDITURES:						
ADMINISTRATIVE						
Arbitrage Consultant	$1,200	$0	$1,200	$1,200	$1,200	
Annual Audit	$6,000		$6,000	$6,000	$6,000	
Computer nme	$1,000	$500	$500	$1,000	$1,000	
Dissemination Agent	$6,000	$3,100	$3,000	$6,100	$6,200	
Dues, Licenses & Subscriptions		$175	$0	$175		
Insurance	$33,036	$31,255	$0	$31,255	$33,036	
Legal Advertising	$500	$65	$553	$618	$500	
Management Fees	$45,000	$22,500	$22,500	$45,000	$46,350	
Office Supplies	$300	$111	$111	$221	$300	
Other Current Charges	$2,700	$886	$886	$1,772	$2,700	
Golf Course Study		$37,803	$37,803	$75,607	$0	
Postage	$1,500	$1,205	$1,205	$2,410	$1,500	
Printing & Binding	$1,500	$526	$526	$1,051	$1,500	
Telephone
Trustee Fees	
$6,500	
$0	
$6,500	
$6,500	
$6,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$105,461	$98,222	$80,880	$179,103	$107,011	

Page 1

$1,354

$1,354

Lake Ashton II
Community Development District	

Adopted
Budget	

Actual
Thru	

Projected Next	

Total
Projected	

General Fund
Proposed Budget	
Description	FY 2019	3/31/2019	6 Months	9/30/2019	FY 2020	
FIELD EXPENDITURES						
Athletic Equipment	$10,000		$10,000	$10,000	$10,000	
Attorney	$20,000	$30,141	$30,141	$60,281	$35,000	
Building Contract Services	$51,160	$29,923	$29,923		$51,160	
Building/Grounds Maintenance Supplies	$27,248	$14,700	$14,700	$29,401	$27,248	
Contingency	$30,000			$2,709	$30,000	
Engineering	$8,000	$12,109	$12,109	$24,218	$8,000	
HFC Special Events	$3,000	$1,407	$1,407	$2,815	$3,000	
Landscape/Lake Contract Services	$172,222	$87,216	$87,216	$174,432	$172,222	
Office Supplies/Printing/Binding	$10,000	$3,680	$3,680	$7,360	$10,000	
Permits/Inspections	$1,500	$0	$1,500	$1,500	$1,500	
Pe�sonnel Expenses	$214,283	$104,212	$104,212	$208,423	$228,336	
Plant/Tree Replacement	$0		$0	$0	$0	
Pond Repairs	$0	$0	$0	$0	$0	
Security Contract Services	$250,804	$124,454	$124,454	$248,909	$250,804	
Utilities	$207,767	$106,044	$106,044	$212,088	$207,767	
TOTAL FIELD EXPENDITURES	$1,005,983	$515,241	$526,741	$1,041,982	$1,035,037	
First Quarter Operating Reserves	$205,797	$0	$0	$0	$20S,797	
TOTAL RESERVE EXPENDITURES	$205,797	$0		$0	$205,797	
OTHER SOURCES/(USES)						
lnterfund Transfers ln/(Out)	($113,742)	$0	($17,261)	($17,261)	($83,339)	
TOTAL EXPENDITURES	$1,430,983	$613,463	$624,882	$1,238,346	$1,431,183	
Assigned Fund Balance	$0	$814,784	($608,987)	$205,797	$0	

NET ASSESSMENTS		FY 2017
$1,259,017	FY 2018
$1,218,686	FY 2019
$1,218,686	FY 2020
$1,218,686	
PLUS COLLECTION FEES {7%)		$94,765	$91,729	$91,729	$91,729	
GROSS ASSESSMENTS		$1,353,782	$1,310,416	$1,310,416	$1,310,416	
NO. OFTOTAL PLANNED UNITS		703	680	680	680	
GOLF COURSE		15	15	15	15	
GROSS PER UNIT ASSESSMENT		$1,885	$1,885	$1,885	$1,885	

Page 2

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET
FISCAL YEAR 2020

REVENUES:

Special Assessments - Ta)( Collector:
The District will levy a non ad-valorem special assessment on the platted property within the District and certify to the Polk County Tax Collector for collection to fund operating expenditures of the District.

Interest Earned:
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.

Rental Fees:
Represents miscellaneous income received for activities held at the HCF.

EXPENDITURES:

ADMINISTRATIVE:

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2005A&B and Series 2006A&B Capital Improvement Revenue Bonds.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Page 3

LAKE ASHTON II 
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2020

Management Fees
The District receives Management, Accoun�ing and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Office Supplies
Miscellaneous office supplies.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Postage:
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing& Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Telephone
Telephone and fax machine.

Trustee Fees
The District issued Series 2005A&B and Series 2006A&B Capital Improvement Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Page 4

Attorney

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCALYEAR 2020

#315,00

Annual Contract

General Legal Services, i.e., preparation for and attendance at meetings, review operating and
maintenance contracts, etc.

Building Contract Services

$35,000

Annual Contract

Alarm/Fire Sprink ers-Hartline	#34510	$3,800	
Cleaning Magic Genie	#46010	$39,360	
Pool & Spa - Pool Sure	#46400	$8,000	
Commercial Fitness	#46105	$2,000	
Building/Grounds Maintenance & Supplies
Building- Paper goods, small repair items, misc. chemicals  and cleaning supplies	
#46020	Annual Contract
$9,000	
Grounds - HFC Grounds, Dog Park. Blvd., Courts	#46030	$20,000	
Pest Control	1134800	$2,000	
Mileage	1146050	$350	

Contingency
A contingency for any unanticipated and/or unscheduled costs to the District.

EngineeringFees
The District's engineer will b providing general engineeringservices to the District including attendance and preparation for board meetings, etc.

HFS Special Events
The District will haveshows, dances, and other events throughout the year.

Landscape Contract Services

1149000	$30,000

1131100	$8,000

1149400	$3,000

Annual Contract

Lake Maintenance-Applied Aquatics	#46500	$14,200	
Mowing, irrigation, and plant replacement - Yellowstone	#46200	$159,622	
Irrigation Repairs	#46210	$2,000	
Office Supplies/Printing & Binding
Skedda, Google Suite, Amazon Prime, Sam's Club	#51000	$1,204	
DEX-Copier lease and printing costs	#51000	$5,796	

Permits/Inspections
The District Is required to renew permits and other inspections on a annual basis with the City of Winter Haven, Polk County, and The State of Florida to comply with regulations.

Personnel Expenses
1099 Hourly Employees
FICA-Employer's share of Social Security and Medicare taxes withheld from employee wages.
Health Insurance Coverage-Reimbursement to the HFC employees for their health insurance coverage. Salaries & Wages-The District has employed personnel to manage and supervise the Health Fitness Center. WC Insurance-The District'sWorkers Compensation Insurance policy is with SUMMIT.

Security Contract Services

#54000	$1,500

$228,336
#34100
#21000
1123000
#12000
1124000

Annual Contract

Gate Attendants and Roving Patrols - Securitas	#34500	$247,588	
Video Security - ADT	#34520	$1,322	
Security Extras - carts, paper copies, etc.	#34530	$3,169	

Page 5

Utilities
Electric - TECO

ACCOUNTS
0921-0564191
0921-0564001
0921-0568421
0921-0568501
0921-0579621
0921-0567531
0921-0679410

Refuse - Florida Refuse Propane - Amerigas
Telephone/Internet - Brighthouse (Spectrum)

Water - City of Winter Haven ACC'OUNT
NUMBER

792401
792402
792403
792406
TOTAL

CAPITAL RESERVES

Capital Projects

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

.

GENERAL FUND BUDGET FISCALYEAR 2020

SERVICE ADDESS
7900 CR 653 IRR
7900 653 RD GRD HSE
4000 MULLIGAN LN
6052 PEBBLE BEACH BL PEBBLE BEACH/ASHTON BL ASHTON PALMS PHl DR HOGAN LANE

,

SAWGRASS DRIVE, ST LIGHT LA PHASE II N, ST LIGHT TOTAL

SERVICE ADDRESS
NEW ACCOUNTS
7900 COUNTY RD 653 GUARD HOUSE
6052 PEBBLE BEACH BLVD
5135 WINGED FT LN D PARK #1RR LOT 293 W S. DOG PARK

#43000

#34900
#43100
#41000

#43200

ANNUAL
$560
$1,550
$2,000
$25,600
$3,400
$61,200
$5,500
$24,700
$16,220
$140,730

$4,550
$25,000
$14,000

ANNUAL

$12,755
$2,284
$915
$23,487

Represents the estimated capital reserve funding for capital expenditures that will be transferred to the Capital Projects Fund. See page 7 for the Capital Projects Fund Budget.

Page 6

$4,373

$491

Lake Ashton II 
Community Development District	

Adopted Budget	

Actual
Thru	

Projected
Next	

Total
Projected	
Capital Projects

Proposed
Budget	
Description	FY 2019	3/31/2019	6 Months	9/30/2019	FY 2020	
Revenues						
(1) Capital Reserve - Transfer In	$112,392	$0	$17,261	$17,261	$83,339	
Interest Income	$1,000	$1,206	$402	$1,608	$1,000	
Carry Forward Surplus	$519,054	$565,074	$0	$565,074	$463,359	
TOTAL REVENUES	$632,446	$566,280	$17,663	$583,943	$547,698	
Expenditures						
Capital Projects - FY19						
Athletic Equipment		$2,716	$13,293	$16,009	$0	
Drain System/Gutters	$0	$0	$0	$0		
Pond Repairs and Maintenance	$0	$2,850	$0	$2,850	$0	
Pickleball Courts		$7,105	$0	$7,105	$0	
Paving Parking lot/Lights	$0	$116	$0	$116	$0	
Road Repairs	$0	$0	$12,567	$12,567	$0	
Windows/Doors		$0	$15,000	$15,000		
LED lighting	$0	$613	$0	$613	$0	
Outdoor Furniture-Sandblasting	$0	$975	$0	$975	$0	
Conference System	$0		$0	$4,373	$0	
Pool Heater	$0	$3,049	$0	$3,049	$0	
Flooring		$25,000	$0	$25,000	$0	
Pool/Spa Remodel	$0	$7,495	$5,170	$12,665	$0	
Paver lnstallatlon	$0	$0	$6,589	$6,589	$0	
Signs	$0	$0	$2,030	$2,030		
Hendicap Entrace	$0		$3,000	$3,000	$0	
Bllnds (Front of HFC)	$0	$0	$978			
Sidewalk to New Parking Lot	$0		$6,512	$6,512		
Other Current Charges - Bank Charges	$0	$491		$982		
Other Capital Prnject Expenses	$177,839	$171		$171	$70,000	
TOTAL EXPENDITURES	$177,839	$54,954	$65,630	$120,584	$70,000	
EXCESS REVENUES	$454,607	$511,326	($47,967)	$463,359	$477,698	
Revenues	
Fiscal Year 2019	
Fiscal Year 2020	
Fiscal Year 2021	
Fiscal Year 2022	
Fiscal Year 2023	
Capital Reserves - Transfer In	$83,339	$100,000	$100,000	$100,000	$100,000	
Interest Income	$1,000	$5,395		$6,106	$6,467	
Carry Forward Surplus	$463,359	$539,445	$574,840	$610,588	$646,694	
Total	$547,698	$644,840	$680,588	$716,694	$753,161	
Annual Projected Exe_enses:						
HFC Building	$10,000	$10,000	$10,000	$10,000	$10,000	
Roadways	$25,000	$25,000	$25,000	$25,000	$25,000	
Computers	$5,000	$5,000	$5,000	$5,000	$5,000	
Equipment	$5,000	$5,000	$5,000	$5,000	$5,000	
landscape Replacement	$1S,OOO	$15,000	$1S,OOO	$15,000	$15,000	
other Capital Projects	$10,000	$10,000	$10,000	$10,000	$10,000	
Specific Pro/eels:						
Microphone/Sound System	$5,000	$0	$0	$0	$0	
Sandblast Patio Furniture	$2,540	$0	$0	$0	$0	
Kitchen Upgrades/Microwaves	$5,000	$0	$0	$0	$0	
Handicap Entrance Door	$3,000	$0	$0	$0	$0	
Tree Replacement - Ashton Blvd.	$10,000	$0	$0	$0	$0	
LED lighting Fi,tures	$10,860	$0	$0	$0	$0	
Window Coverings	$22,165	$0	$0	$0	$0	
Replace Flooring - HFC	$23,000	$0	$0	$0	$0	
landscaping - New Parking Lot	$26,274	$0	$0	$0	$0	
Total E>pendltures	$177,839	$70,000	$70,000	$70,000	$70,000	
Excess Revenues	$369,859	$574,840	$610,588	$646,694	$683,161	
		Page 7				

Lake Ashton II
Community Development District					
Debt Service Fund	
					Series 2005A	

Description	Adopted Budget FY 2019	Actual Thru 3/31/2019	Projected Next
6 Months	Total Projected 9/30/2019	Proposed Budget FY 2020	
Revenues						
Assessments - On Roll (A)	$436,872	$432,043	$4,334	$436,377	$436,872	
Prepayments	$0	$0	$0	$0	$0	
Interest Income	$1,000	$3,409	$2,730	$6,139	$1,000	
Carry Forward Surplus	$161,768	$181,1S8	$0	$181,158	$170,971	
TOTAL REVENUES	$599,640	$616,610	$7,064	$623,674	$608,843	

(1)

(2)

.

Expenditures
Series 2005A
Interest - 11./1	$131,688	$131,688	$0	$131,688	$126,581

Special Call - 11/1	$0	$25,000	$25,000	$0
Interest - 5/1	$131,688	$0	$131,016	$131,016	$126,581
Principal - 5/1	$165,000	$0	$165,000	$165,000	$175,000

TOTAL EXPENDITURES	$428,375	$156,688	$296,016	$452,703	$428,163
�
EXCESS REVENUES	$171,265	$459,922	($288,951)	$170,971	$180,680
Ill    Maximum Annual Debt Service	11/1/2020 Interest	$121,878

345

(2)         Carry forward  surplus is net of the  reserve  requirement and Deferred  Costs	2005 A

NET ASSESSMENTS	FY 2018
$436,871.99	FY2019
$436,871.99	FY 2020
$436,871.99	
PLUS COLLECTION FEES (7%)	$32,882.84	$32,882.84	$32,882.84	
GROSS ASSESSMENTS	$469,754.83	$469,754.83	$469,754.83	
NO. OF UNITS				
GOLF COURSE	$33,868	$33,868	$33,868	
GROSS PER UNIT ASSESSMENT	$1,263.44	$1,263.44	$1,263.44	

IL__

_______.I

Page 8

Lake Ashton II		Amortization Schedule Community Development District	Series 2005A,  Capital Improvemen,.t Revenue Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/19	$	4,875,000.00	5.38%	$	165,000.00	$	131,015.63	$	
11/01/19	$	4,710,000.00	5.38%	$	$	126,581.25	$	422,596.88	
05/01/20	$	4,710,000.00	5.38%	$	175,000.00	$	126,581.25	$	
11/01/20	$	4,535,000.00	5.38%	$	$	121,878.13	$	423,459.38	
05/01/21	$	4,535,000.00	5.38%	$	185,000.00	$	121,878.13	$	
11/01/21	$	4,350,000.00	5.38%	$	$	116,906.25	$	423,784.38	
05/01/22	$	4,350,000.00	5.38%	$	195,000.00	$	116,906.25	$	
11/01/22	$	4,155,000.00	5.38%	$	$	111,665.63	$	423,571.88	
05/01/23	$	4,155,000.00	5.38%	$	205,000.00	$	111,665.63	$	
11/01/23	$	3,950,000.00	5.38%	$	$	106,156.25	$	422,821.88	
05/01/24	$	3,950,000.00	5.38%	$	215,000.00 .	$	106,156.25	$	
11/01/24	$	3,735,000.00	5.38%	$	$	100,378.13	$	421,534.38	
05/01/25	$	3,735,000.00	5.38%	$	230,000.00	$	100,378.13	$	
11/01/25	$	3,505,000.00	5.38%	$	$	94,196.88	$	424,575.00	
05/01/26	$	3,505,000.00	5.38%	$	240,000.00	$	94,196.88	$	
11/01/26	$	3,265,000.00	5.38%	$	$	87,746.88	$	421,943.75	
05/01/27	$	3,265,000.00	5.38%	$	255,000.00	$	87,746.88	$	
11/01/27	$	3,010,000.00	5.38%	$	$	80,893.75	$	423,640.63	
05/01/28	$	3,010,000.00	5.38%	$	265,000.00	$	80,893.75	$	
11/01/28	$	2,745,000.00	5.38%	$	$	73,771.88	$	419,665.63	
05/01/29	$	2,745,000.00	5.38%	$	280,000.00	$	73,771.88	$	
11/01/29	$	2,465,000.00	5.38%	$	$	66,246.88	$	420,018.75	
05/01/30	$	2,465,000.00	5.38%	$	300,000.00	$	66,246.88	$	
11/01/30	$	2,165,000.00	5.38%	$	$	58,184.38	$	424,431.25	
05/01/31	$	2,165,000.00	5.38%	$	315,000.00	$	58,184.38	$	
11/01/31	$	1,850,000.00	5.38%	$	$	49,718.75	$	422,903.13	
05/01/32	$	1,850,000.00	5.38%	$	330,000.00	$	49,718.75	$	
11/01/32	$	1,520,000.00	5.38%	$	$	40,850.00	$	420,568.75	
05/01/33	$	1,520,000.00	5.38%	$	350,000.00	$	40,850.00	$	
11/01/33	$	1,170,000.00	5.38%	$	$	31,443.75	$	422,293.75	
05/01/34	$	1,170,000.00	5.38%	$	370,000.00	$	31,443.75	$	
11/01/34	$	800,000.00	5.38%	$	$	21,500.00	$	422,943.75	
05/01/35	$	800,000.00	5.38%	$	390,000.00	$	21,500.00	$	
11/01/35	$	410,000.00	5.38%	$	$	11,018.75	$	422,518.75	
05/01/36	$	410,000.00	5.38%	$	410,000.00	$	11,018.75	$	421,018.75	
TOTAL			$	4,875,000.00	$	2,729,290.63	$	7,604,290.63	

Page 9

Lake Ashton II 
Community Development District

Debt Service Fund
Series 2006A

$738

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed
Budget	
Description	FY 2019	3/31/2019	6 Months	9/30/2019	FY 2020	
Revenues
Prepayments	
$0	
$13,801	
$0	
$13,801	
$0	
Special Assessments	$315,038	$316,056	$3,171	$319,227	$315,038	
Interest Earned	$0	$1,426		$2,164	$0	
Carry Forward Surplus	$116,284	$140,663		$140,663	$107,202	
TOTAL REVENUES	$431,322	$471,946	$3,909	$475,854	$422,239	
Expenditures						
Interest - 11/1	$101,893	$102,158	$0	$102,158	$98,183	
Interest - 5/1	. $101,893	$0	$101,495	$101,495	$98,183	
Principal - 5/1 Special Call - 11/1
Special Call - 5/1	$1 10,000
$0
$0	$0
$25,000
$0	$125,000
$0
$15,000	$125,000
$25,000
$15,000	$0
$115,000
$0	

TOTAL EXPENDITURES	
$313,785	
$127,158	
$241,495	
$368,653	
$311,365	
EXCESS REVENUES	$117,537	$344,788	($237,586)	$107,202	$110,874	
				11/1/2020 Interest	$95,135	

NETASSESSMENTS

$315,037.50

PLUS COLLECT ON FEES (7%)	$23,712.50
GROSS ASSESSMENTS	$338,750.00
NO, OF UNITS	271
GROSS PER UNITASSESSMEN	$1,250.00

FY 2020

I	,	I

Page 10

Lake Ashton II	Amortization  Schedule
Community Development District	Serles 2006A,  Capital Improvement Revenue Bond:s

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

05/01/19	$	3,830,000.00     5.30%     $	125,000.00	$	101,495.00
11/01/19	$	3,705,000.00       5.30%      $	$	98,182.50	$	324,677.50
05/01/20	$	3,705,000.00      5.30%     $	115,000.00	$	98,182.50

•

11/01/20	$	3,590,000.00     5.30%     $	$	95,135.00	$	308,317.50
05/01/21	$	3,590,000.00     5.30%     $	125,000.00	$	95,135.00
11/01/21	$	3,465,000.00       5.30%      $	$	91,822.50	$	311,957.50
05/01/22	$	3,465,00000     5.30%    $	130,000.00	$	91,822.50
11/01/22	$	3,335,000.00        5.30%      $	$	88,377.50	$	310,200.00
05/01/23	$	3,335,000.00      5.30%     $	135,000.00	$	88,377.50
11/01/23	$	3,200,000.00       5.30%     $	$	84,800.00	$	308,177.50
05/01/24	$	3,200,000.00     5.30%    $	145,000.00	$	84,800.00
11/01/24	$	3,055,000.00      5.30%    $	$	80,957.50	$	310,757.50

,

05/01/25	$	3,055,000.00       5.30%     $	150,000.00	$	80,957.50
11/01/25	$	2,905,000.00       5.30%     $	$	76,982.50	$	307,940.00
05/01/26	$	2,905,000.00       5.30%     $	160,000.00	$	76,982.50
11/01/26	$	2,745,000.00       5.30%     $	$	72,742.50	$	309,725.00
05/01/27	$	2,745,000.00       5.30%     $	170,000.00	$	72,742.50
11/01/27	$	2,575,000.00       5.30%     $	$	68,237.50	$	310,980.00
05/01/28	$	2,575,000.00      5.30%     $	180,000.00	$	68,237.50
11/01/28	$	2,395,000.00       5.30%     $	$	63,467.50	$	311,705.00
05/01/29	$	2,395,000.00       5.30%     $	185,000.00	$	63,467.50
11/01/29	$	· 2,210,000.00        5.30%      $	$	58,565.00	$	307,032.50
05/01/30	$	2,210,000.00       5.30%      $	195,000.00	$	58,565.00
11/01/30	$	2,015,000.00       5.30%       $	$	53,397.50	$	306,962.50
05/01/31	$	2,015,000.00       5.30%     $	210,000.00	$	53,397.50
11/01/31	$	1,805,000.00       5.30%     $	$	47,832.50	$	311,230.00
05/01/32	$	1,805,000.00       5.30%     $	220,000.00	$	47,832.50
11/01/32	$	1,585,000.00       5.30%     $	$	42,002.50	$	309,835.00
05/01/33	$	1,585,000.00       5.30%     $	230,000.00	$	42,002.50
11/01/33	$	1,355,000.00       5.30%     $	$	35,907.50	$	307,910.00
05/01/34	$	1,355,000.00      5.30%     $	245,000.00	$	35,907.50
11/01/34	$	1,110,000.00       5.30%     $	$	29,415.00	$	310,322.50
05/01/35	$	1,110,000.00       5.30%     $	255,000.00	$	29,415.00
11/01/35	$	855,000.00       5.30%     $	$	22,657.50	$	307,072.50
05/01/36	$	855,000.00      5.30%     $	270,000.00	$	22,657.50
11/01/36	$	585,000.00       5.30%     $	$	15,502.50	$	308,160.00
05/01/37	$	585,000.00      5.30%     $	285,000.00	$	15,502.50
11/01/37	$	300,000.00      5.30%     $	$	7,950.00	$	308,452.50
05/01/38	$	300,000.00      5.30%     $	300,000.00	$	7,950.00	$	307,950.00
TOTAL	$	3,830,000.00	$	2,369,365.00	$	6,199,365.00

Page 11

RESOLUTION Z019-09
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON H COMMUNITY DEVELOPMENT DISTRICT AM.RNDJNG RESOLUTION 2019·06 APPROVING DATE, TIME AND PLACE OF PUBLIC HEARINGS FOR THE PURPOSE OF ADOPTING RULES OF PROCEDURE OJi� THE DISTRICT AND RATES, FEES, AND CHARGES FOR THE DISTRICT'S AMENITIES; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Lake Ashton II Comnmnity D€;'.:velopment District ("District") is a local unit ofspecial-purpose government established pursuant to the Uniform Community Development District Act of 1980, as codified in Chapter 1 90, F'lorida Statutes, for the purpose of planning, financing, constructing, operating and/or maintaining c�rtain infrastructure improvements; and

WHEREAS, on May 10, 2019, at a duly noticed public meeting, the District's Board of
. Supervisors ("Board") ad9pted Resolution 2019-06, designating a date, time, and place for public hearings and authorization to publish notice of such hearings for the purpose of adopting rules of procedure ofthe District and rates, fees, and charges for the District's amenities ("Proposed Rules and Rates"), and setting a public hearing on the Proposed Rules and Rates for August 16, 2019, at 9:00 a.m., atthe Lake Ashton II Health & J•itness Center, 6502 Pebble Beach Boulevard, Winter Haven, Florida 33884 (the ''Public Hearing"); and
WHEREAS, the Board desires to change the date and time of the Public Hearing on the Proposed Rules and Rates.

NOW, THEREJi'ORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON H COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. RE-SETTING TflE PUBLIC HEARING. Resolution 201 9-06 is hereby amende� to declare and set the Public Hearing on the Proposed Rules and Rates for the following date, hour and locati()n:

DATE: HOUR: LOCATION:

August 22, 2019 
10:00 A.M.
Lake Ashton II Health & Fitness Center 6052 Pebble Beach Boulevard
Winter Haven, Florid;1 3J884

SECTION 3. RESOLUTION 2019,.06 OT:UERWISE REMAINS IN FULL FORCE
AND EFFECT. Except as otherwise provided herein, all of the provisions of Resolution 2019- 06 continue in full force and effect.

SECTION 4. SEVERABILITY. The invalidity or unenforceability of any one or more provisions ofthis Resolution shall not affect the validity or enforceability of the remaining po1tions ofthis Resolution, or any part thereof.

SECTION 6.  EI<'FECTIVE DATE. This Resolution  shall take effect upon its pas1-,age
and adoption by the Board.

PASSED ANO ADOPTED THJS 19111 DAY Ol' JULY 2.019.

ATTEST:

Secretary/Assistant Secretary

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

Chairperson, '6oard of Supervisors

2